Market Insights Consumer Household Appliances Small Appliances

Electric Kettles - Singapore

Singapore

The Electric Kettles market in Singapore is projected to generate a revenue of SGD US$8.67m in 2024.
According to forecasts, the market is expected to experience an annual growth rate of 2.27% (CAGR 2024-2029).
In comparison to other countries, in China leads the pack with a revenue of SGD US$1,183m in 2024.
When considering the number of households, it is estimated that each household will generate SGD US$4.59 in revenue in 2024.
Looking ahead, the volume of the Electric Kettles market is predicted to reach 181.2k pieces units by 2029.
However, there is a slight decline of -0.1% in volume growth expected for 2025.
On average, each household is anticipated to have a volume of 0.10pieces units in the Electric Kettles market in 2024.
Singaporeans are increasingly opting for electric kettles due to their convenience and energy efficiency in a fast-paced city like Singapore.

Key regions: Indonesia, Worldwide, China, Canada, United States

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.